GM Bailout...

[tonyko1]

Here is an imformative link, all about the GM bailout. I know there was a very long thread on this, but this article gives a good snapshot.

Personally I wish they would have went through traditional bankruptcy.

I was torn about buying my Camaro knowing it was partially funded by all of us, the taxpayers. Then again, I bought a 93 Grand Cherokee that Chrysler bought from AMC when they went under. And Chrysler paid back the US Govt way ahead of time, the first time anyways.

An interesting historical note: GM almost helped bail out Chrysler in 77-78 as they were still so big, they didn't want anti-competition monopoly problems with the US govt like what was happening to then Ma Bell, the original AT&T.

Funny how things work.

http://www.bailoutcost.com/

[STW]

Hell. Handbag.

[motorhead]

I doubt this will be around long. That link is about as political as you can get. I'm not stating what I feel about it because it can't be done in this case without getting political.

Good luck

[tonyko1]

It wasn't my intent to be political, but I guess it can't be helped. I do feel the current CEO is no car guy and GM's recent successes with cool cars was due to Lutz, a real car guy, who is very political by the way too. Interesting guy, he was in favor of the Camaro and the Volt. If you are .500 in baseball, you go to the All-Star game if not the Hall of Fame.

[JRYAN34]

Originally Posted by tonyko1

It wasn't my intent to be political, but I guess it can't be helped. I do feel the current CEO is no car guy and GM's recent successes with cool cars was due to Lutz, a real car guy, who is very political by the way too. Interesting guy, he was in favor of the Camaro and the Volt. If you are .500 in baseball, you go to the All-Star game if not the Hall of Fame.

.350 is solid .500 is unheard of

[lgKido]

Hmm.......

GM and Bailout. Two words that I never want to see in the same sentence again

[RIPws6]

Someone sold alot of souls to the Devil. Just glad im not a stockholder but I AM a PROUD OWNER!

[Xedes]

Originally Posted by motorhead

I doubt this will be around long. That link is about as political as you can get. I'm not stating what I feel about it because it can't be done in this case without getting political.

Good luck

Tis the season to blame the guy in office for every bad thing that's ever happened. Next they will be trying to blame him for Charles Lindbergh's baby.

[meissen]

The unfortunate part is that instead of helping GM get success, the *FEDERAL LOAN* to GM has polarized so many people into thinking they shouldn't support the company anymore. The "cost" to American Taxpayers is only exacerbated by the negativity in the media towards GM which in turn hurts GM's stock price. What we all should be doing is investing in GM any way we can - buying their cars, buying stock, etc - so that GM does excellent and their stock price goes up. The higher the stock price, the less of a "cost" to the tax payers and the sooner the government cashes in on the stocks they own in GM.

Sadly, until that day comes, all the negativity in the news directed at GM does nothing but cost Americans more...

[Bob Cosby]

Originally Posted by Xedes

Tis the season to blame the guy in office for every bad thing that's ever happened.

Does that mean certain folks have quit blaming the previous guy in office for every bad thing that is currently happening?

Sorry....couldn't resist. :fighting0040:

[Angrybird 12]

Enough with this bailout crap, love your Camaro and get on with your life....

[motorhead]

There are two sides to this bailout story. People that it directly helped like the people that work in or have businesses that are connected to the car industry and people that don't have anything to do with the car industry.

The first was all for it and the second feels that their government cheated them. You won't convince either side that your views are right.

[Russell James]

Originally Posted by tonyko1

Here is an imformative link, all about the GM bailout. I know there was a very long thread on this, but this article gives a good snapshot.

Personally I wish they would have went through traditional bankruptcy.

I was torn about buying my Camaro knowing it was partially funded by all of us, the taxpayers. Then again, I bought a 93 Grand Cherokee that Chrysler bought from AMC when they went under. And Chrysler paid back the US Govt way ahead of time, the first time anyways.

An interesting historical note: GM almost helped bail out Chrysler in 77-78 as they were still so big, they didn't want anti-competition monopoly problems with the US govt like what was happening to then Ma Bell, the original AT&T.

Funny how things work.

http://www.bailoutcost.com/

Traditional bankruptcy would have been a liquidation.... no Camaro for you.

Still vote for that traditional bankruptcy?

Only option for survival was govt loans, ugly as it is, that's the fact. Same with Chrysler, they would not be here today without govt loans. Ford is also enjoying the benefits of billions in govt dollars in alternate energy monies (thinly disguised bailout money).

Be happy some of the key players in govt have a clue of the importance to the economy of some of the major US industries. Some of the last industries left in the US.

Bailouts are ugly. Economic collapse and long term depression is uglier. Two presidents chose the smartest path for the country overall and long term.

[The_Blur]

Originally Posted by Russell James

Traditional bankruptcy would have been a liquidation.... no Camaro for you.

Still vote for that traditional bankruptcy?

Only option for survival was govt loans, ugly as it is, that's the fact. Same with Chrysler, they would not be here today without govt loans. Ford is also enjoying the benefits of billions in govt dollars in alternate energy monies (thinly disguised bailout money).

Be happy some of the key players in govt have a clue of the importance to the economy of some of the major US industries. Some of the last industries left in the US.

Bailouts are ugly. Economic collapse and long term depression is uglier. Two presidents chose the smartest path for the country overall and long term.

It was a lose-lose situation. This loss is better.